Nestlé Sales Growth Is Slowest Since 2009

VEVEY, Switzerland—Nestlé SA on Thursday reported its slowest annual sales growth since 2009 and warned the current year would be tough, as the food giant wrestles with fragile consumer confidence in Europe’s developed markets and weaker growth in China.

“Organic” sales—a measure that strips out the impact of acquisitions and currency movements—grew 4.5% in 2014, the second consecutive year the Swiss company missed its long-standing...